Ann has a gross annual income of $99,000. According to Housing Recommendation #1 presented in this class, how much can she devote to monthly housing expenses?

house

Round your answer to the nearest whole dollar, but do not include a $ sign in your response.

Housing Recommendation #1 typically suggests that individuals should devote no more than 30% of their gross monthly income to housing expenses. 

To calculate how much Ann can devote to monthly housing expenses:

1. **Find Ann's monthly income**:
   \[
   \text{Monthly Income} = \frac{\text{Annual Income}}{12} = \frac{99,000}{12} = 8,250
   \]

2. **Calculate 30% of her monthly income**:
   \[
   0.30 \times 8,250 = 2,475
   \]

Therefore, Ann can devote **$2,475** to monthly housing expenses.

Would you like more details or have any questions?

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Here are 5 related questions:
1. What is Housing Recommendation #2 and how does it differ?
2. How would Ann's housing budget change if her gross income increased by 10%?
3. How can Ann's other expenses (e.g., debts) impact her housing budget?
4. How would this recommendation adjust for someone with varying monthly income?
5. What percentage of income is considered affordable for housing in various countries?

**Tip**: It's often helpful to set aside extra for unexpected housing costs (like maintenance and utilities).

Ann has a gross annual income of $99,000. According to Housing Recommendation #1 presented in this class, how much can she devote to monthly housing expenses?

Learn how to calculate how much Ann can devote to monthly housing expenses based on a gross annual income of $99,000. This problem uses basic percentage calculations and arithmetic to determine the housing budget according to Housing Recommendation #1. Suitable for students in Grades 5-8.

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